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See how verdicts work4-bedroom house · EX5 2DY
Listing removedListed 156 days
Opportunity summary
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About
Description An exciting residential development opportunity in a highly sought-after East Devon location.
Winfields Commercial are delighted to bring to market this attractive development site with Permission in Principle (Ref: 24/1200/PIP) for the construction of up to two detached open market dwellings , positioned in a well-connected and fast-growing location on the edge of Cranbrook, East Devon.
The indicative scheme provides for two substantial four-bedroom detached family homes , each extending to approximately 140 sqm (1,507 sq ft) , with generous private gardens, patio areas, and parking for three vehicles per dwelling .
This is an excellent opportunity for developers seeking a straightforward, well-located scheme with strong resale appeal in an area experiencing continued residential growth and demand.
A major advantage of this opportunity is the flexibility to create bespoke house designs, allowing purchasers to shape the final scheme to suit their preferred specification, subject to obtaining the necessary technical approvals and detailed planning consent.
The vendor has already paid the required Pebblebed Heaths and Exe Estuary habitat mitigation contribution , and it is understood that no Community Infrastructure Levy (CIL) will be payable , given the site’s location within the Cranbrook relief zone (subject to verification).
With excellent transport connectivity including direct access to the M5, A30, Cranbrook railway station, Exeter International Airport, and Exeter city centre , the site is ideally positioned for attractive family housing in a proven commuter location.
This is a rare opportunity to secure a manageable and potentially profitable development scheme in one of East Devon’s strongest residential growth areas.
Location The site is situated in a convenient and well-connected position on the edge of Cranbrook , one of East Devon’s most successful and rapidly expanding residential communities, located approximately 6 miles east of Exeter .
Cranbrook continues to grow as a popular commuter and family location, offering a wide range of local amenities including supermarkets, schooling, healthcare provision, public houses, cafés, sports facilities, open green spaces, and a country park.
Transport links are a significant strength, with easy access to the M5 motorway, A30 trunk road, Cranbrook railway station (with services to Exeter and London Waterloo), Exeter International Airport, and regular bus routes .
Nearby centres including Exeter, Honiton, Ottery St Mary, Exmouth and Sidmouth further enhance the location’s appeal. EPC Rating: G
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Clyst Honiton, Exeter, EX5
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